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Weekly ChartBook

By: Aaron Lang - Portfolio Analyst

July 26, 2021 – July 30, 2021

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Market Performance For The Week

Source: YCharts
Disclaimer: Past performance is no guarantee of future performance

The Good News

Earnings of both large and small companies are coming in above expectations.

GDP price index reaches a 40-year high.

The Bad News

But 2Q GDP came in below expectations. 

As are a lot of announcements these days. There are now more economic announcements missing expectations than beating. 

And inflation numbers came in hot, again.

The State Of The Market

The market has been on a rather good run. 

But seasonal trends are not in our favor. 

Though spending in the aggregate remains strong and above trend. 

And incomes remain above trend. But they are coming off of stimulus induced highs, which may weigh on spending going forward.

Especially if US consumers have already spent most of their savings.

Maybe Amazon is giving us a heads-up, or maybe consumers are just shifting their spending to other segments of the economy.

Source: ZeroHedge

But many will probably buy the dip, if there ever is one. 

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Charts Of The Week

Story Of The Week

The pandemic caused a housing boom seemingly everywhere, not just the US: https://www.ft.com/content/491a245d-4af7-4cad-b860-6ba51b86b45f

Disclosure

Clear Rock Advisors, LLC is registered with the SEC as a registered investment advisor with offices in Texas. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by Clear Rock Advisors, LLC) or any investment-related or financial planning consulting services will be profitable, equal any corresponding indicated historical performance level(s), or prove successful. It remains the client’s responsibility to advise Clear Rock Advisors, LLC, in writing, if there are any changes in the client’s personal/financial situation or investment objectives for the purpose of reviewing, evaluating or revising Clear Rock Advisors, LLC’s  previous recommendations and/or services, or if the client would like to impose, add to, or modify any reasonable restrictions to Clear Rock Advisors, LLC’s services. A copy of Clear Rock Advisors, LLC’s current written disclosure statement discussing its advisory services and fees are available upon request.